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What is it called when quantity demand is more than quantity supplied

What is it called when quantity demand is more than quantity supplied
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What is it called when quantity demand is more than quantity supplied

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User Sam Adams
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Excess Demand: the quantity demanded is greater than the quantity supplied at the given price. This is also called a shortage. Excess Supply: the quantity demanded is less than the quantity supplied at the given price. This is also called a surplus.
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User Cyrus
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